PARIS (Reuters) – The main European stock markets fell on Thursday morning, the “minutes” published on Wednesday evening by the Federal Reserve (Fed) showing that US rates are destined to rise again after the pause observed in June.
In Paris, the CAC 40 lost 1.28% to 7,216.96 points around 07:30 GMT. In London, the FTSE 100 fell by 0.89% and in Frankfurt, the Dax fell by 0.68%, despite orders from German industry well above expectations.
The EuroStoxx 50 index lost 0.78%, the FTSEurofirst 300 eroded by 0.90% and the Stoxx 600 fell by 0.80%.
Futures contracts on Wall Street point to an opening down 0.36% for the Dow Jones, and 0.42% for the Standard & Poor’s 500. The Nasdaq is expected down 0.57%.
Minutes from the Fed’s latest monetary policy meeting show that almost all central bank officials are expecting further rate hikes in the coming months.
“Central banks are seeing the glass half full on inflation risks, and the Fed’s latest ‘minutes’ echo the concerns of the ECB (and the BoE),” explain the strategists at ING.
The geopolitical context is also negative, Beijing having warned that its retaliatory measures taken against the United States were “just the beginning”, while Secretary of State for the Treasury Janet Yellen begins a three-day diplomatic visit to China. .
On the stock side, Embracer is at the bottom of the Stoxx 600, down 9.46%, the group having raised 2 billion crowns (168 million euros) as part of a share issue intended for institutional investors.
(Report Corentin Chapron, edited by Blandine Hénault)
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